Precision Drilling (PDS) Change in Working Capital (2009 - 2026)
Precision Drilling's (PDS) quarterly Change in Working Capital came in at $36.2 million in Q2 2026, up 15.96% YoY from $31.2 million in Q2 2025, and up 202.79% on a QoQ basis from -$35.2 million in Q1 2026.
Precision Drilling (PDS) Change in Working Capital (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Change in Working Capital data on file, last reported at $36.2 million in Q2 2026.
- Quarterly Change in Working Capital rose 15.96% year-over-year to $36.2 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$6.8 million (down 254.27% YoY) and the FY2025 annual result came in at -$15.3 million, down 175.1% from the prior year.
- Change in Working Capital improved to $36.2 million in Q2 2026, from -$35.2 million in the prior quarter.
- In the past five years, Change in Working Capital ranged from a high of $58.7 million in Q2 2022 to a low of -$97.1 million in Q1 2023.
- A 5-year average of -$2.9 million and a median of $5.3 million in 2023 frame the typical range for Change in Working Capital.
- Annual changes were most pronounced in 2022 — Change in Working Capital jumped 579.04% — and 2024, when it plunged 826.59%.
- Tracing PDS's Change in Working Capital over 5 years: stood at $35.2 million in 2022, then plunged by 47.65% to $18.4 million in 2023, then surged by 64.29% to $30.2 million in 2024, then plunged by 76.09% to $7.2 million in 2025, then jumped by 399.93% to $36.2 million in 2026.
- The last three Change in Working Capital figures came in at $36.2 million (Q2 2026), -$35.2 million (Q1 2026), and $7.2 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | - |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | - |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | - |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | - |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 36.16 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.16 Mn |
| Jun 30, 2026 | 36.16 Mn |
| Mar 31, 2026 | -35.18 Mn |
| Mar 31, 2026 | -35.18 Mn |
| Dec 31, 2025 | 7.23 Mn |
| Dec 31, 2025 | 7.23 Mn |
| Sep 30, 2025 | -15.02 Mn |
| Sep 30, 2025 | -15.02 Mn |
| Jun 30, 2025 | 31.18 Mn |
| Jun 30, 2025 | 31.18 Mn |
| Mar 31, 2025 | -32.35 Mn |
| Mar 31, 2025 | -32.35 Mn |
| Dec 31, 2024 | 30.25 Mn |
| Dec 31, 2024 | 30.25 Mn |
| Sep 30, 2024 | -24.67 Mn |
| Sep 30, 2024 | -24.67 Mn |
| Jun 30, 2024 | 45.57 Mn |
| Jun 30, 2024 | 45.57 Mn |
| Mar 31, 2024 | -38.75 Mn |
| Mar 31, 2024 | -38.75 Mn |